OFF MARKET

Off market jan 2025 for $2.4M

$1,463,889

Land

•

72.02

acres (lot)

5332 S Franklin Rd, Indianapolis, IN 46239

About this home

Honey, Stop the car! Now, YOU can buy the Farm! All 72 glorious ACRES of mixed use development opportuity waiting for you to bring your goals to fruition. What an absolutely incredible opportunity to call your own! Re-create the long ago dairy farming dreams of yesteryear, or invest in the future's growth with LAND. Approximately 1 mile from Franklin Central High School, Intermediate, and Elementary Schools, & Franklin Township Community Park with flat topography, small pond, and utilities on site - this Hot Spot Hub of land in sought after Franklin Township area should tick all boxes.

Vacant landProperty Type

72.02 acresLot Size

$20,326Price/Acres

Listed by Rebecca Hameda • The Stewart Home Group

Redfin checked: 2 minutes ago

•Source:MIBOR as Distributed by MLS Grid #21946023

Redfin Estimate

$1,463,889

$989K since sold in January 2025$345K since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 453.5% higher than the average sale price ($265K) of 6 comparable homes.

SOLD JUL 17, 2026
$235,000
A
3 beds2 baths1,187 sq ft
5342 S Franklin Rd, Indianapolis, IN 46239
SOLD JUL 29, 2026
$280,000
B
3 beds2 baths1,628 sq ft
5343 Wood Hollow Dr, Indianapolis, IN 46239
SOLD SEP 4, 2026
$270,000
C
3 beds2 baths1,454 sq ft
8717 Fielding Ln, Indianapolis, IN 46239
SOLD AUG 7, 2026
$293,000
D
4 beds2 baths1,939 sq ft
8233 E Thompson Rd, Indianapolis, IN 46239
SOLD JUL 24, 2026
$275,000
E
3 beds1 bath1,767 sq ft
9305 E Thompson Rd, Indianapolis, IN 46239
SOLD JUL 24, 2026
$234,000
F
3 beds1.5 baths1,365 sq ft
4625 Northeastern Ave, Indianapolis, IN 46239

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

−$525,223

Est. take-home

List your home with Redfin and save $14,639

Market trends in 46239, IN

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

98.6%

0.1% MoM

Median sale price

$310K

$134 MoM

Avg. days on market

45d

6 days MoM

Recently sold homes

212

14 MoM

New listings for sale

NEW 31 HRS AGO
$325,000
3 beds2.5 baths4,536 sq ft
8030 Cole Wood Blvd, Indianapolis, IN 46239
3D WALKTHROUGH
$165,000
2 beds1 bath850 sq ft
916 S Huber St, Indianapolis, IN 46239
$300,000
4 beds2.5 baths2,264 sq ft
2040 St Clifford Dr, Indianapolis, IN 46239
$150,000
3 beds2 baths1,323 sq ft
8145 Whistlewood Ct, Indianapolis, IN 46239
$240,000
4 beds2.5 baths2,088 sq ft
2344 Layton Park Dr, Indianapolis, IN 46239
$292,500
3 beds2.5 baths2,770 sq ft
9625 Treyburn Lakes Dr, Indianapolis, IN 46239
$235,500
3 beds2 baths2,876 sq ft
5944 S Karen Dr, Indianapolis, IN 46239
3D WALKTHROUGH
$275,000
4 beds2.5 baths2,905 sq ft
7807 Fox Glen Dr, Indianapolis, IN 46239
$350,000
3 beds2.5 baths3,527 sq ft
7803 Housefinch Ln, Indianapolis, IN 46239
$280,000
4 beds2.5 baths2,041 sq ft
9737 Piper Lake Dr, Indianapolis, IN 46239
See all

Provided by Redfin

Sale history for 5332 S Franklin Rd

Date

Event

Price

MIBOR as Distributed by MLS Grid #21946023

Jan 15, 2025

Sold

$2,452,890

Nov 28, 2023

Pending

—

Oct 2, 2023

Listed

$2,000,000

MIBOR as Distributed by MLS Grid #21837194

Sep 30, 2023

Listing Removed

—

Feb 9, 2022

Listed

$2,000,000

MIBOR as Distributed by MLS Grid #21283871

Aug 13, 2014

Listing Removed

—

Aug 11, 2014

Sold

$123,000

Apr 7, 2014

Listed

$137,500

+10

Have a home office w/ plenty of parking & private entry! Clean & well maintained 3+ BR convenient to Franklin Central schools & I74. Peaceful views, full basement & exercise/bonus room allow plenty of room for family & friends. Private entrance & side load garage allow multi-use. Full basement has kitchen appliances for entertaining. Wide paved driveway for plenty of parking. Insulated & warm side load garage for storage, laundry & winter comfort. Come to the country, you'll be glad you did.

MIBOR as Distributed by MLS Grid #21242791

Jan 9, 2014

Listing Removed

—

Jul 8, 2013

Listed

$142,500

MIBOR as Distributed by MLS Grid #21223971

Jul 6, 2013

Listing Removed

—

Apr 2, 2013

Listed

$149,900

MIBOR as Distributed by MLS Grid #2931596

Jul 5, 2013

Listing Removed

—

Jun 26, 2009

Listed

$2,183,400

MIBOR as Distributed by MLS Grid #21168469

Aug 2, 2012

Listing Removed

—

Mar 29, 2012

Listed

$143,000

Year

Property tax

Land + Additions

Assessment*

2025

$2,585 (−3.5%)

$28,600 + $234,800

$263,400

2024

$2,680 (+7.0%)

$28,600 + $218,500

$247,100

2023

$2,504 (+0.1%)

$28,600 + $218,500

$247,100

2022

$2,500 (+14.7%)

$28,600 + $200,800

$229,400

2021

$2,180 (+5.3%)

$28,600 + $172,400

$201,000

2020

$2,071 (+29.3%)

$28,600 + $172,400

$201,000

2019

$1,602 (−2.2%)

$28,600 + $158,800

$187,400

2018

$1,637 (+1.6%)

$23,800 + $117,200

$141,000

2017

$1,612 (+2.7%)

$23,800 + $119,300

$143,100

2016

$1,569 (+14.3%)

$23,800 + $119,300

$143,100

2015

$1,373 (−4.3%)

$23,800 + $116,600

$140,400

2014

$1,435

$23,800 + $113,200

$137,000

Tax history for 5332 S Franklin Rd

Year

Property tax

Land + Additions

Assessment*

2025

$2,585 (−3.5%)

$28,600 + $234,800

$263,400

2024

$2,680 (+7.0%)

$28,600 + $218,500

$247,100

2023

$2,504 (+0.1%)

$28,600 + $218,500

$247,100

2022

$2,500 (+14.7%)

$28,600 + $200,800

$229,400

2021

$2,180 (+5.3%)

$28,600 + $172,400

$201,000

2020

$2,071 (+29.3%)

$28,600 + $172,400

$201,000

2019

$1,602 (−2.2%)

$28,600 + $158,800

$187,400

2018

$1,637 (+1.6%)

$23,800 + $117,200

$141,000

2017

$1,612 (+2.7%)

$23,800 + $119,300

$143,100

2016

$1,569 (+14.3%)

$23,800 + $119,300

$143,100

2015

$1,373 (−4.3%)

$23,800 + $116,600

$140,400

2014

$1,435

$23,800 + $113,200

$137,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning
Permits

Beds

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

0.77 Acres

Year renovated

1968

Sq. Ft.

1,551

Year built

1968

Style

Single Family Residential

County

Marion County

APN

491606109018000300

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 29, 2026.

METRO

Dwelling Agriculture District

The D-A District holds the agricultural lands of Marion County and provides for a variety of agricultural uses. It is intended to provide for animal and poultry husbandry, farming, cultivation of crops, dairying, pasturage, floriculture, horticulture, viticulture, apiaries, aquaculture, hydroponics, together with necessary, accompanying accessory uses, buildings, or structures for housing, packing, treating, or storing said products; or lands devoted to a soil conservation or forestry management program. A single-family dwelling is intended to be permitted as a part of such agricultural uses. A secondary provision of this District is large estate development of single-family dwellings. This District fulfills the very low density residential classification of the Comprehensive General Land Use Plan. This District does not require public water and sewer facilities.

Zone overlays

Metro Context Area

Permitted uses

Include but are not limited to:

Agriculture
Housing-Group
Housing-Single unit
Research & development
Communications tower
Veterinary clinic
Park & open space

Property details

Interior

Virtual Tour

Exterior

Property Information
Development Status: NoStatus
Property Type: Land
Other Structures: Not Applicable
Property Sub Type: Farm
Zoning: DA

Land Information
Topography: Cleared,Level,See Remarks
Soil Type: See Remarks
Acres: >20 Acres
Land Characteristics: Irregular Lot,On Pond,See Remarks

Lot Information
Facilities On: Not Applicable
Facilities Near: Cable,Electric,Gas,Rail,Telephone,Water
Divisible: Yes
Lot Size Acres: 72.02
Road Surface Type: Asphalt
Road Frontage Type: FrontageRd
Present Zoning: Agricultur
Road Access: Frontage Road

Utilities

Utility Information
Sewer: Public Sewer
Water Information: Municipal Water Near By
Solid Waste Information: Yes

Location

School Information
Middle Or Junior High School: Franklin Central Junior High
High School District: Franklin Township Com Sch Corp

Location Information
Directions: Use GPS
Tax Legal Description: PT NW1/4 S6 T14N R5E COMM NW COR 6-14-5 E316' S200.05' TO P.O.B. E447' NW287.65' E101.62' SE288.53' E1260.37' S5.61’ E45’ S1726.97' W20.05' N152.83' W215.22' S164.59' E11.44' S107' E225.56' S76.2' W400' S460.11' NW1702.61' N1288.61'TO BEG 72.017 AC.

Public facts

Beds: 3
Baths: —
Sq. Ft.: 1,551
Stories: —
Lot Size: 0.77 acres
Style: Single Family Residential
Year Built: 1968
Year Renovated: 1968
County: Marion County
APN: 491606109018000300

Home facts updated by county records on Jul 29, 2026

Around this home

Schools

Thompson Crossing Elementary School

Public K-3 • Assigned • 0.8mi

5/10

Franklin Central Junior High

Public 7-8 • Assigned • 2.3mi

5/10

Franklin Central High School

Public 9-12 • Assigned • 1.0mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

3/10 Heat Factor

7 days above 102° expected this year, 19 days in 30 years

2/10 Wind Factor

1% chance of strong winds in next 30 years

2/10 Air Factor

1 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Indianapolis, IN • 46239

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.7 hours in June and 3.3 hours in December, placing it below the U.S. average for solar exposure.

9.7 hrs

3.3 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.39M – $1.68M

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New listings for sale in 46239

NEW 31 HRS AGO

$325,000

3 beds2.5 baths4,536 sq ft

8030 Cole Wood Blvd, Indianapolis, IN 46239

3D WALKTHROUGH

$165,000

2 beds1 bath850 sq ft

916 S Huber St, Indianapolis, IN 46239

$300,000

4 beds2.5 baths2,264 sq ft

2040 St Clifford Dr, Indianapolis, IN 46239

$150,000

3 beds2 baths1,323 sq ft

8145 Whistlewood Ct, Indianapolis, IN 46239

$240,000

4 beds2.5 baths2,088 sq ft

2344 Layton Park Dr, Indianapolis, IN 46239

$292,500

3 beds2.5 baths2,770 sq ft

9625 Treyburn Lakes Dr, Indianapolis, IN 46239

$235,500

3 beds2 baths2,876 sq ft

5944 S Karen Dr, Indianapolis, IN 46239

3D WALKTHROUGH

$275,000

4 beds2.5 baths2,905 sq ft

7807 Fox Glen Dr, Indianapolis, IN 46239

$350,000

3 beds2.5 baths3,527 sq ft

7803 Housefinch Ln, Indianapolis, IN 46239

Home values near 5332 S Franklin Rd

Data from public records.

Address	Redfin Estimate
5342 S Franklin Road, Indianapolis, IN 3 Beds \| 2 Baths \| 1187 Sq. Ft.	$261,255
8421 Grand Appaloosa Way, Indianapolis, IN 5 Beds \| 3 Baths \| 2460 Sq. Ft.	$369,349

Address	Redfin Estimate
8502 Hemingway Drive, Indianapolis, IN 4 Beds \| 2 Baths \| 1771 Sq. Ft.	$327,034
8420 Grand Appaloosa Way, Indianapolis, IN 4 Beds \| 3 Baths \| 2170 Sq. Ft.	$347,733

Address	Redfin Estimate
5585 Hemingway Drive, Indianapolis, IN - Beds \| - Baths \| - Sq. Ft.	$336,782
8414 Grand Appaloosa Way, Indianapolis, IN 4 Beds \| 2.5 Baths \| 2006 Sq. Ft.	$345,416

Property information provided by MIBOR as Distributed by MLS Grid when last listed in 2023. This data may not match . Learn more.

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